Following the establish of Student Loans Act by President Tinubu, Fg now invite students to apply online. Visit NELFUND Login portal.nelf.gov.ng for important information on the eligibility, form, requirements, and how to access the loan with ease. President Bola Tinubu Student Loans initiative aims to provide financial support to Nigerian students pursuing higher education. The program focuses on reducing the financial burden on students and increasing access to quality education. It reflects the government’s commitment to investing in human capital development and empowering the youth for national progress.
If you are a student in Nigeria and in need of financial assistance to pursue your education, you may be interested in applying for a student loan.
The approved fg loans is for all students in the higher institution pursuing NCE, OND, HND , or BSc degree. It cover the costs of tuition, books, and other educational expenses.
To access and apply for the loan for for free, and get more update on this initiative, applicants are to visit NELFUND website at www.nelfund.gov.ng.
In this article, we will discuss the requirements and application process for student loans in Nigeria.
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Is Fg Tinubu Student Loan Form 2024 Out
Yes, the NELFUND Education Loan Form is indeed out, and interested students can access the form through the NELFUND portal login at www.nelfund.gov.ng. This announcement was officially made by the management team of the Nigerian Education Loan Fund (NELFUND), led by Akintunde Sawyerr, the pioneer Managing Director/CEO of the Fund.
The Loan Duration
The student loan extends throughout the student’s duration of study, with the expectation that beneficiaries should secure a job within two years after completing their studies. Repayment of the loan starts once the beneficiary has obtained employment, allowing for a structured approach to loan recovery.
Benefits of the Student Loan Initiative
- Promotes Educational Accessibility: Helps remove financial barriers to education.
- Interest-Free Loans: Covers tuition fees without additional interest.
- Equal Access: Ensures higher education opportunities for all eligible candidates.
- Reduces Financial Stress: Alleviates the financial burden on students and their families.
Who Can Apply?
The Tinubu Student Loan Program is open to students from various backgrounds and fields of study. Whether you are pursuing a degree in engineering, medicine, arts, or any other field, you are eligible to apply for the loan if you meet the eligibility criteria mentioned above.
Both undergraduate and graduate students can apply for the loan. The program aims to support students in their pursuit of higher education and to alleviate the financial burden that often comes with it.
Is the Loan available for international students?
The scheme is primarily designed for citizens and permanent residents of the country. However, some exceptions may apply for international students. It is recommended to check the official website or contact the program administrators to inquire about the eligibility of international students.
NELFUND Begine disburses N2.026bn Students loan
University students have begin to receive the NELFUND loan. In addition to the University of Benin, University of Ibadan, Bayero University, and University of Ilorin, the first batch of loans disbursed by the Nigerian Education Loan Fund (NELFUND) also benefited students from the University of Nigeria, Nsukka, and Ahmadu Bello University in Zaria.
From Nelfund news desk, The Nigerian Education Loan Fund (NELFUND), spearheaded by managing director Mr. Akintunde Sawyerr, recently declared that over N1.1 billion has been allocated to cover fees for 20,000 beneficiaries.
Requirements For The Loan in Nigeria
Here are some common requirements for Tinubu student loans in Nigeria:
- Admission into a Recognized Institution: To be eligible, you must have gained admission into a recognized tertiary institution in Nigeria. This could be a university, polytechnic, or college of education.
- Valid Identification: You will need a valid means of identification, such as a national identity card, international passport, or voter’s card.
- Academic Performance: Some student loan schemes may require you to meet certain academic performance criteria, such as maintaining a minimum GPA.
- Guarantor: In some cases, you may need a guarantor who will be responsible for repaying the loan if you are unable to do so.
How to Apply For NELFUND Nigeria student Loan
Follow the steps below to complete your application:
- Visit the official website of the Tinubu Student Loan portal at https://portal.nelf.gov.ng/
- Click the “APPLY NOW” button on the Student Loan Application Platform to start the registration process.
- Select “Request for Student Loan,” complete the application steps, and submit your form.
- Your application will be reviewed; upon successful verification, institutional charges will be paid to your school, and the upkeep loan will be deposited into the bank account you provided.
NELFund Clarifies Non-Zonal Allocation of Student Loans
Recently, the Nigerian Education Loan Fund (NELFund) made headlines after announcing that it had disbursed N2.94bn to 19 universities, benefiting 27,667 students. This announcement led to a wave of criticism due to the exclusion of universities from the South-East and South-South regions.
Remember, President Tinubu Student Loan 2024 can be a valuable resource for students in need of financial assistance. Take the time to review the eligibility criteria, gather all the required documents, and submit your application before the deadline. Good luck with your higher education journey!